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Mobile Artificial Intelligence (AI) Market Worth $17.83 Billion by 2023PUNE, India, July 31, 2018 /PRNewswire/ -- According to the new market research report "Mobile Artificial Intelligence (AI) Market by Application (Smartphones, Cameras, Drones, Automotive, AR/VR, Robotics, Smart Boards, and PCS), Technology Node (10nm, 20 to 28nm, 7nm and Others), and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the market is expected to reach USD 17.83 billion by 2023 from USD 5.11 billion in 2018, at a CAGR of 28.41% during the forecast period. The growth of the mobile AI market can be attributed to the increasing demand for AI-capable processors for use in mobile devices, rise in cognitive computing, and growing number of AI applications. Moreover, dedicated low-cost AI chips for camera and vision applications in mobile devices and rising demand for edge computing in IoT are creating huge growth opportunities for players in the market. (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )
Early buyers will receive 10% customization on this report Mobile AI market for smartphone applications to register largest shipment in 2018 Increasing demand for real-time speech and voice recognition and analysis, along with technical advancements in smartphone image recognition, is driving the growth of the market for AI processors for smartphones. On-device AI uses dedicated AI chipsets that will become prominent in all flagship smartphones in the near future. It is expected that the use of dedicated AI chips in smartphones will increase substantially by 2023, and these chips will be available in most smartphones sold in the coming years All these factors are contributing to the growth of the mobile AI market for smartphone applications. Mobile AI market for 20-28nm technology nodes to grow at highest rate during forecast period The market for drones, robotics, and surveillance cameras, in which vision processing units are used, is likely to grow at a significant rate in the near future. Processors such as VPU Jetson and S32V234 are built upon 20-28nm technology nodes. These processors are used in an array of applications, including ADAS, drones, robotics, security cameras, and AR/VR headsets. Increasing participation of various automotive and IT giants to develop autonomous cars is propelling the growth of the mobile AI market for autonomous driving. Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=138681717 APAC to hold largest size of mobile AI market by 2023 APAC is becoming the center of attraction for major investments as it holds significant business expansion opportunities. Various AI processor start-ups in China are raising funds to grow in the mobile AI market. For example, ThinkForce (China) raised around USD 68 million, and DeePhi (China) raised around USD 40 million. Along with this, increasing government spending to boost the AI network in China is expected to further contribute to market growth during the forecast period. Major players in the mobile AI market are Huawei (China), Samsung Electronics (South Korea), Qualcomm (US), Intel (US), NVIDIA (US), Apple (US), IBM (US), Microsoft (US), MediaTek (Taiwan), and Google (US). Know more about the Mobile Artificial Intelligence (AI) Market: https://www.marketsandmarkets.com/Market-Reports/mobile-artificial-intelligence-market-138681717.html MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Research Insight: https://www.marketsandmarkets.com/ResearchInsight/mobile-artificial-intelligence-market.asp Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets 
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